Chana gained Rs 24 and settled at Rs 2297 per quintal on buying interest at lower levels supported by a decline in daily arrivals in the spot market. Hopes of higher output and sufficient stocks capped the gains. In Delhi spot market, chana fell 20 rupees to end at 2,172 rupees per 100 kg. The volume was noted at 108250 lots. Support for chana is at 2266 below that could see a test of 2235. Resistance is now seen at 2318 above that could see a resistance of 2339.

Trading Ideas:

Chana trading range is 2235-2339.

Chana ended firm on buying interest at lower levels

Support for the chana is seen at 2266 and resistance is at 2318.

NCDEX accredited warehouses chana stocks rose by 297 tonnes to 56053 tonnes.

BUY CHANA AUG @ 2290 SL 2270 TGT 2305-2318.NCDEX

In Delhi spot prices fell 20 rupees and settled at 2,172 rupees per 100 kg